United Services Automobile Association Makes New $1.77 Million Investment in Equinix, Inc. $EQIX

Key Points

• United Services Automobile Association added a new stake in Equinix, Inc. ($EQIX) by acquiring 2,207 shares valued at approximately $1.77 million.
• Several institutional investors, including Vanguard Group and JPMorgan Chase & Co., have increased their holdings in Equinix, indicating strong interest and confidence in the company.
• Equinix recently announced a quarterly dividend of $4.69 per share, reflecting an annualized dividend yield of 2.4% despite a high payout ratio of 183.74%.

United Services Automobile Association acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,207 shares of the financial services provider's stock, valued at approximately $1,772,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Equinix by 1.9% during the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock worth $10,523,576,000 after buying an additional 242,121 shares during the period. JPMorgan Chase & Co. boosted its stake in Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after buying an additional 291,753 shares during the period. Northern Trust Corp boosted its stake in Equinix by 2.7% during the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after buying an additional 40,734 shares during the period. Dimensional Fund Advisors LP boosted its stake in Equinix by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after buying an additional 25,290 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Equinix by 6.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock worth $1,082,022,000 after buying an additional 65,104 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

EQIX has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Stifel Nicolaus decreased their target price on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Truist Financial lifted their price objective on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a report on Thursday, August 7th. BMO Capital Markets downgraded Equinix from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $1,045.00 to $850.00 in a report on Thursday, June 26th. Finally, Wells Fargo & Company decreased their price objective on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $962.52.

Equinix Stock Performance

Shares of Equinix stock opened at $773.68 on Monday. The company has a market capitalization of $75.71 billion, a PE ratio of 75.78, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50-day simple moving average of $780.36 and a two-hundred day simple moving average of $826.81. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's payout ratio is presently 183.74%.

About Equinix

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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